At what price will you exit RIVN?

[BlackOpal]

I'm curious what price you plan to exit your position?

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[CarGuyCarl]

At this point just hoping to get my money back. Been averaging down and I don't have much palm flesh left from catching these knives. Lol

 

[Lawrence-of-Blaine]

Notable gap here between 35 and 100.

 

[zefram47]

Being net positive would be nice. Pie in the sky would be when it grows enough to pay for a nice chunk of an upgraded R1. What's the phrase that got tossed around a few years ago...diamond hands.

 

[DuoRivians]

This is a bad question. The price at when you sell depends entirely on the information available and when.

it would be dumb to sell if you have information that property justifies the price.

 

[SANZC02]

I agree, big gap between 35 and 100. I’ll probably sell 1/2 if it gets to 55, that makes me a little money and then let the rest ride for a while. At 100 I’d probably get the rest out that pretty much would pay for the R1 and R2.

 

[mkg3]

I would probably trim 1/3 of my holdings around $35/share.

The real question is not at what price, but at what condition/trend about the business. In other words, if Rivian stock climbs to over $30/share, why?

If it goes up based on some speculation or meme stock-like behavior, then definitely get rid of more than a 1/3 of my shares. Probably closer to half.

If its going up because the business is sound and is improving due to R2 sales and forward looking info is credible, then probably will not sell any and pay attention to the PEG ratio and the business performance closer.

 

[BlackOpal]

At this point just hoping to get my money back. Been averaging down and I don't have much palm flesh left from catching these knives. Lol

Lol, you will. Sell cover calls against it.

 

[BlackOpal]

I would probably trim 1/3 of my holdings around $35/share.

The real question is not at what price, but at what condition/trend about the business. In other words, if Rivian stock climbs to over $30/share, why?

If it goes up based on some speculation or meme stock-like behavior, then definitely get rid of more than a 1/3 of my shares. Probably closer to half.

If its going up because the business is sound and is improving due to R2 sales and forward looking info is credible, then probably will not sell any and pay attention to the PEG ratio and the business performance closer.

I agree. I know you can't time the market, but I'm going to sell if the price increase doesn't involve earnings. Then buy back again and make the difference.

$25 is when I'll start selling closer to the strike price.

 

[BlackOpal]

This is a bad question. The price at when you sell depends entirely on the information available and when.

it would be dumb to sell if you have information that property justifies the price.

I meant what price would people feel comfortable selling. I'm trying to gauge people's basis. If your basis was $11, then $25 is a healthy profit margin.

 

[BlackOpal]

I agree, big gap between 35 and 100. I’ll probably sell 1/2 if it gets to 55, that makes me a little money and then let the rest ride for a while. At 100 I’d probably get the rest out that pretty much would pay for the R1 and R2.

My logic is if you're not going to sell at $35, might as well diamond hand until $100 for the big pay day.

 

[Tango45]

This made me lol so hard. Shout out to my IPO holders! ??

 

[CharonPDX]

This made me lol so hard. Shout out to my IPO holders! ??

Yeah, I ain't selling unless I'm making a profit. I don't need the tax write-off of a losing-money stock sale, so I'll hold until profit or fold.

 

[kurtlikevonnegut]

Most of my $RIVN is in my IRA account, so my ?? will be more like arthritis hands.

Either I'll make a healthy net 20 years from now or they'll go belly up before then and I'll be able to cover for the loss before it matters.

 

[Donald Stanfield]

I'll take it out when I need it or feel the trajectory will be negative. Right now, I feel like keeping a long position will appreciate in value. If that changes, I will close my position as soon as possible. I might buy and sell dips between now and then but I will remain an investor until that becomes a bad investment. My cost basis is around the current stock price thanks to averaging down, so I'll be playing with house money soon enough.

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